If apartments are built in the overlay, will local schools have capacity to accept the students?

Botetourt County asked Dr. John Russ, Superintendent of Botetourt County Schools this question regarding the proposed 240 apartment units at the current Howard Johnson location.  He reviewed the application and provided the following comments:

"The major impact any new development will have on our school division is that of additional students.  This is not to imply this is a "negative" impact.  We are in the business of educating our county's children, and we welcome all students into our buildings.  Over the past several years, we have seen a minimal decline in our Average Daily Membership(ADM), which does impact our funding from the state.  Additional ADM would not be viewed as a bad thing.  If new development does impact a specific school and places that school at over-capacity, we are at a point where we could look at adjusting attendance lines to address this issue.  The location of this proposed development does not add safety or traffic concerns for any of our existing schools." - Dr. John Russ, BCPS School Superintendent 

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1. What is the Gateway Crossing Overlay all about?
2. What opportunities will the overlay provide?
3. Does the overlay create any new taxes for businesses or owners of land within the overlay?
4. How many apartments are being built at the Howard Johnson site in Botetourt County?
5. If apartments are built in the overlay, will local schools have capacity to accept the students?
6. Is there a public cost cost or Botetourt County budget associated with the zoning change?
7. I own property or operate a business and I wish to continue to do so.
8. I own property that is currently vacant, and I have no current plans to develop it. What does this mean for me?
9. I own property and I want to develop or sell it.
10. I own property or operate a business and I want to expand my current use soon.
11. What about my proffered conditions?
12. Will I be required to add on-street parking or sidewalks if I expand my business and my site is topographically challenged?
13. If the overlay is not adopted, and I want to subdivide my property and create a new public street network, can I build whatever I want?
14. Will the Overlay change existing zoning?
15. Does the county have a shortage of properties that are zoned for B-3?
16. What if my property was previously rezoned with proffers or has an SEP with conditions?
17. What if I seek a waiver in the future and the zoning administrator denies it?
18. What will happen to my property values.
19. What does reduced, required setbacks mean?
20. What will the overlay mean for business signage?
21. If the overlay is not adopted, and I want to subdivide my property and create a new public street network, can I build whatever I want?